"In this useful and timely work, Bivens provides an assessment that will clarify for many the widely held view that the current 'great recession' need not have occurred but rather was due to government policy errors. These included minimum wage erosion by inflation; weakening of laws governing unions and collective bargaining; globalization that benefitted the already privileged; and slow growth of wages and income at the middle of the income distribution . . . . Summing up: Highly recommended."Choice (January 2012)
Explaining the causes and impact on working Americans of the most catastrophic economic policy failure since the 1920s.
From the Publisher"Bivens succeeds at exposing the 'cracked foundation' of the economy . . .: falling wages, assaults on unionism, globalization for workers and insulation for elites, the rise of the nonproductive financial sector, and the abandonment of full employment as a policy target. In graph after carefully and simply explained graph, Bivens walks the reader through the historical trajectory of these and other economic developments that have come to define the current situation."Cecilio Morales, America (29 August 2011)
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